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NFT blockchain domain “win.crypto” sold for $ 100,000

On March 3, the Unstoppable Domains team sold NFT to the “win.crypto” blockchain domain for a record $ 100,000.

Unstoppable Domains is a company that creates domains based on blockchain technology. Non-fungible tokens for these blockchain domains can be purchased on the Unstoppable Domains portal, on the OpenSea platform, or through the NFT 20 decentralized NFT protocol.

NFT for domain names

 

“The NFT market is experiencing unprecedented growth and is attracting more and more attention to this space,” explained Brad Kam, co-founder of Unstoppable Domains. “Many people equate NFT with digital art, but in fact, the technology has a ton of non-art use cases such as domain names,” Kam added.

 

Similar to .com domain names, domain NFTs will be the browser hotspot for decentralized websites. They are also replacing complex cryptocurrency wallet addresses with names that are more understandable to ordinary people.

In February, Unstoppable Domains announced that any internet browser will now have access to the .crypto extension. To view a decentralized website, you only need to make one change to your DNS settings.

Unstoppable Domains has listed 94 premium domains for sports and gaming sites for sale. Among them are win.crypto, baseball.crypto and gambling.crypto. During the first three days of the month, Unstoppable Domains closed the largest NFT sale for the win.crypto blockchain domain.

 

“The growing interest in NFT supports the theory that ownership – physical or digital – is incredibly valuable,” Kam continued. He also added that Unstoppable Domains is seeking to transfer verified ownership to users through domain NFTs.

 

Permanent possession

The NFT on blockchain domains transfers permanent ownership of the domain name as opposed to traditional names that need to be renewed. Anyone can buy a domain through a registrar for about $ 10. However, it will have to be renewed every year, otherwise it will be taken away from you.

The advantages of NFTs on blockchain domains are that they become property forever. In other words, the buyer receives proof of ownership captured in the NFT metadata.

After successfully selling several NFTs for blockchain domains, Unstoppable Domains plans to release a new batch every week. Categories will expand from games and gambling to travel, transportation, electronics and finance.

Selling these NFT domains on the blockchain demonstrates the growing interest in NFTs outside of the digital arts realm.

NFT potential

People are beginning to understand that NFTs can be used in many areas, so interest in them is growing parabolic.

According to DappRadar, in February 2021, NFT sales on leading platforms exceeded $ 342 million. This is an increase of 400% compared to January. This amount also exceeded NFT sales for the entire 2020. Some speculate that NFT’s market cap could surpass $ 1.3 billion by the end of the year.

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